Ray Dalio

So I have to bet on what the future is going to be like.

I place financial bets on that.

And now I'm at a stage in life that I want to pass that along.

So I hope that we could talk about or look at that in a dispassionate way to say, how does the machine work to produce that dynamic?

Is that a consistent principle, do you think?

Yeah, you can look at it through Chinese dynasties, you can look at it through Rome, like who is in control, right?

Caesar in the Senate and being stabbed in the Senate.

Plato wrote about this, I think it was like,

350 BC, he wrote about the cycle in the Republic.

In other words, democracies and the challenge of democracies where you vote and so on.

But then there's the wealth gaps and the rich gaps and then who has the money and then the not willing to vote.

And then there's the power that changes.

Yes.

Right, when I'm no longer willing to accept that the system, the rule of the system, because everybody thinks it's rigged, okay?

The Supreme Court isn't rigged because that partisan has more appointees and it won't be fair and so on.

I remember when the Supreme Court was kind of the Supreme Court, and we lived in a time where we said the system is fair.

The legal system, when you go in and you're convicted, okay, is the legal system fair?

And so on.

And then you believe in that system with its imperfections and so on.

When that ceases to be the case, when the causes that people are behind are more important to them than the system, the system is in jeopardy.